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C$ knocked by cheap oil, Bank of Canada TORONTO: The Canadian dollar extended its previous session's losses against the US dollar on Wednesday, as softer crude prices and a dovish Bank of Canada remained the driving themes behind the currency's weakness.Expectations that an oversupply of global crude stocks would continue, along with a report by the American Petroleum Institute that showed US crude stocks rose to another record high, kept oil prices under pressure. US prices were down 76 cents by about 9:15 am ET (1415 GMT).Remarks by the Bank of Canada's Senior Deputy Governor Carolyn Wilkins, the first since the central bank confounded markets with a 25 basis point interest rate cut last month, also contributed to the currency's retreat. The Canadian economy was still operating below its potential, Wilkins said in a speech on Tuesday.The loonie has fallen more than 8 percent so far this year, touching levels not seen in nearly six years as diverging ...

Euro slides as investors await outcome of talks over Greek debt NEW YORK: The euro hit a seven-year low against the British pound and fell versus the dollar for a second straight session on Wednesday ahead of the outcome of a euro zone finance ministers' meeting as the region and Greece edged closer to a showdown. Any failure to find common ground on Greece's debt burden will likely put more pressure on the euro. Eurogroup Chairman Jeroen Dijsselbloem said on Wednesday ahead of the meeting that ...
Mexico peso hits 6-year low, near dollar auction levels MEXICO CITY: Mexico's peso sank to its weakest level in nearly six years on Wednesday as a drop in oil prices and concerns about Greece's debt weighed on emerging market assets around the world. The peso shed nearly 1.4 percent to 15.1555 per dollar, its weakest since March 2009, and traded around levels that could trigger a central bank auction of up to $200 million to cushion the currency's slide. Copyright Reuters, 2015 ...
Euro slides as investors await outcome of talks over Greek debt NEW YORK: The euro hit a seven-year low against the British pound and fell versus the dollar for a second straight session on Wednesday ahead of the outcome of a euro zone finance ministers' meeting as the region and Greece edged closer to a showdown.Any failure to find common ground on Greece's debt burden will likely put more pressure on the euro.Eurogroup Chairman Jeroen Dijsselbloem said on Wednesday ahead of the meeting that he did ...
C$ knocked by cheap oil, Bank of Canada TORONTO: The Canadian dollar extended its previous session's losses against the US dollar on Wednesday, as softer crude prices and a dovish Bank of Canada remained the driving themes behind the currency's weakness.Expectations that an oversupply of global crude stocks would continue, along with a report by the American Petroleum Institute that showed US crude stocks rose to another record high, kept oil prices under pressure. US prices were down 76 cents by about 9:15 ...
Dollar rises to 1-month high vs yen as US yields rise NEW YORK: The dollar climbed to one-month peaks against the yen on Tuesday on the back of broadly higher US Treasury yields, while the euro was weighed down by official comments and media reports on the progress of discussions over a new debt deal for Greece. The euro sank below $1.13 in morning trade in Europe, but recovered some of its losses after a report said European officials would make a compromise proposal to give ...
C$ weakens after Bank of Canada says economy below potential TORONTO: The Canadian dollar weakened slightly on Tuesday after a senior Bank of Canada official said the economy was still operating below its potential and that the impact of a sharp drop in the price of oil would be felt across the country. The currency hit a session low of C$1.2575 to the US dollar, or 79.52 US cents, after the comments from Senior Deputy Governor Carolyn Wilkins, some of the central bank's first remarks ...

 



 
Index Closing Chg%
Arrow DJIA 18,214.42 0.06
Arrow Nasdaq 4,987.89 0.42
Arrow S&P 2,110.74 0.15
Arrow FTSE 6,949.73 0.21
Arrow DAX 11,327.19 1.04
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Arrow Sensex 28,746.65 0.90







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln